Avon, IN Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Avon, IN Housing Market Trends

With a population of 21,474, 6,288 total housing units (homes and apartments), and a median house value of $240,092, Avon real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Avon, accounting for 77.63% of the town's housing units. Other types of housing that are prevalent in Avon include large apartment complexes or high rise apartments ( 11.50%), row houses and other attached homes ( 7.77%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.76%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Avon. Owner-occupied housing accounts for 83.65% of Avon's homes, and 68.27% have either three or four bedrooms, which is average sized relative to America.

Avon homes and real estate are some of the newest in America. 52.44% of Avon's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Avon real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 42.85%), and between 1940-1969 ( 2.61%). There's also some housing in Avon built before 1939 ( 2.09%).

Avon Home Appreciation Rates

Appreciation rates for homes in Avon have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 56.27%, which ranks in the top 40% nationwide. This equates to an annual average Avon house appreciation rate of 4.57%.

NeighborhoodScout's data show that during the latest twelve months, Avon's appreciation rate, at 13.92%, has been at or slightly above the national average. In the latest quarter, Avon's appreciation rate has been 5.98%, which annualizes to a rate of 26.14%.

Relative to Indiana, our data show that Avon's latest annual appreciation rate is higher than 50% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$240,092

Avon, IN HOME PRICES

> $1,306,000
0.2%
0.2%
$979,001 - $1,306,000
0.1%
0.1%
$653,001 - $979,000
1.8%
1.8%
$522,001 - $653,000
2.8%
2.8%
$392,001 - $522,000
11.8%
11.8%
$261,001 - $392,000
29.5%
29.5%
$130,001 - $261,000
50.1%
50.1%
$65,001 - $130,000
3.0%
3.0%
$0 - $65,000
0.6%
0.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for IN

Value Relative To Nation

Number Of Homes And Apartments:
6,288

Avon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2021 Q2 - 2021 Q3
Last 12 Months:
2020 Q3 - 2021 Q3
Last 2 Years:
2019 Q3 - 2021 Q3
Last 5 Years:
2016 Q3 - 2021 Q3
Last 10 Years:
2011 Q3 - 2021 Q3
Since 2000:
2000 Q1 - 2021 Q3
59.62% 2.17%
4
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,649 / per month

Homeownership Rate

Owners
83.6%
83.6%
Renters
16.4%
16.4%
Vacant
6.1%
6.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
52.4%
52.4%
1970 - 1999
42.9%
42.9%
1940 - 1969
2.6%
2.6%
1939 or Older
2.1%
2.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
77.6%
77.6%
Townhomes
7.8%
7.8%
Small Apt. Buildings
1.8%
1.8%
Apt. Complexes
11.5%
11.5%
Mobile Homes
1.3%
1.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
4.0%
4.0%
2 Bedrooms
17.7%
17.7%
3 Bedrooms
38.6%
38.6%
4 Bedrooms
29.6%
29.6%
5 or more bedrooms
10.0%
10.0%
0.0% 100.0%
% OF HOMES